Housing Development Finance Corporation (HDFC) has completed the acquisition of 1,14,70,000 equity shares of Rs 10 each, representing 9.12% of the share capital of HDFC Credila Financial Services (HDFC Credila) on a fully diluted basis for a total consideration of Rs 395 crore. Accordingly, HDFC Credila has become the wholly owned subsidiary of the Company.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
